Marcus & Millichap (NYSE:MMI) Releases Earnings Results, Meets Estimates

Marcus & Millichap (NYSE:MMI) issued its quarterly earnings results on Thursday. The real estate investment trust reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49, RTT News reports. Marcus & Millichap had a return on equity of 20.13% and a net margin of 10.35%. The business had revenue of $198.20 million for the quarter, compared to the consensus estimate of $207.27 million. During the same quarter in the previous year, the company posted $0.53 earnings per share. Marcus & Millichap’s revenue for the quarter was down 5.9% compared to the same quarter last year.

Shares of MMI stock traded down $2.76 on Friday, reaching $33.75. 675,200 shares of the company’s stock traded hands, compared to its average volume of 197,423. Marcus & Millichap has a 12-month low of $27.84 and a 12-month high of $43.50. The company has a debt-to-equity ratio of 0.15, a quick ratio of 4.36 and a current ratio of 4.36. The company has a market capitalization of $1.43 billion, a P/E ratio of 15.20, a price-to-earnings-growth ratio of 3.14 and a beta of 1.20. The business’s 50 day moving average price is $35.61 and its two-hundred day moving average price is $34.49.

In other Marcus & Millichap news, CEO Hessam Nadji sold 10,000 shares of the business’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $35.47, for a total value of $354,700.00. Following the transaction, the chief executive officer now owns 262,792 shares in the company, valued at $9,321,232.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 41.70% of the company’s stock.

MMI has been the topic of a number of research analyst reports. Zacks Investment Research downgraded Marcus & Millichap from a “buy” rating to a “hold” rating in a report on Wednesday. ValuEngine upgraded Marcus & Millichap from a “sell” rating to a “hold” rating in a report on Friday, July 26th.

About Marcus & Millichap

Marcus & Millichap, Inc, a brokerage company, provides real estate investment brokerage and financing services to sellers and buyers of commercial real estate in the United States and Canada. The company offers commercial real estate investment sales, financing, research, and advisory services for multifamily, retail, office, and industrial properties, as well as hospitality, self-storage, seniors housing, land, and manufactured housing properties.

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Earnings History for Marcus & Millichap (NYSE:MMI)

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